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EUR/USD: Rallies But Downward Pressure Persists
The EUR/USD exhibited a significant rally during Wednesday's trading session, marking a potential pause in the recent downward spiral. After a substantial selloff, the market managed to break back above the psychologically significant 1.05 level. While this round number is bound to attract attention, it's essential to recognize it for what it is—a figure on a chart. The rally above this level opens up the possibility of a move towards the 1.06 level, which was a previous point of descent. However, it's crucial to approach this rebound with caution, as Friday's jobs data release looms on the horizon. The size of the ... (full story)
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From @financialjuice|Oct 5, 2023post:
UK BOE DEP. GOV. BROADBENT: THERE ARE “CLEAR SIGNS' THAT RATE RISES HAVING IMPACT. post: UK BOE DEP. GOV. BROADBENT: THE UK IS SEEING WEAKER DEMAND AND HIGHER JOBLESSNESS post: UK BOE DEP. GOV. BROADBENT: THE DEMAND HAS BEEN A BIT STRONGER THAN EXPECTED. post: UK BOE DEP. GOV. BROADBENT: THE RESILIENCE IS DUE IN PART TO FISCAL POLICY. post: UK BOE DEP. GOV. BROADBENT: IT MAY BE THAT THE EFFECT OF TIGHTER POLICY IS WEAKER THAN IN PAST OR DELAYED.
From interest.co.nz|Oct 5, 2023So, was it 'hawkish'? Was it 'dovish'? It was neither. It was 'hawkish by omission'. Be in no doubt, there's a real chance that the Reserve Bank will have another Official Cash ...
From @DeItaone|Oct 5, 2023post:
ECB'S KAZIMIR: REITERATES BELIEVES THAT OUR LAST RATE HIKE WAS THE LAST post: ECB'S KAZIMIR: WE NEED TO BE CONVINCED THAT WE ARE AT THE TOP OF RATES, BASED ON DATA AVAILABLE AT DECEMBER AND MARCH MEETINGS. post: ECB'S KAZIMIR,WHEN ASKED FOR WHAT WOULD TRIGGER A DECEMBER HIKE: THIS IS NOT A SCENARIO I'D LIKE.
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From challengergray.com|Oct 5, 2023|1 commentU.S.-based employers announced 47,457 cuts in September, down 37% from the 75,151 cuts announced in August. It is up 58% from the 29,989 announced in the same month one year ...
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- Posted: Oct 5, 2023 6:43am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,941
